State Street Announces Appointments to Global Transition Management Team

State Street Global Markets, the investment research, trading and securities lending arm of State Street Corporation (NYSE: STT), today announced several transition management appointments to its global Portfolio Solutions Group.

Brian Berg and Brian Moniz join as senior transition managers in Boston. Brian Berg joins State Street from Investment Technology Group (ITG), where he was responsible for business development for execution and order management systems as well as account management for key North American institutional clients. Brian Moniz, who will focus on the interim exposure offering, has held various positions at State Street since joining the firm in 1995. Most recently, Brian managed the middle office investment team for State Street Global Markets.

In Sydney, Greg Metzmacher joins the Portfolio Solutions team as a senior transition manager. Metzmacher is one of Australia’s most experienced transition managers and previously held roles at Mellon Transition Management and Citigroup, where he helped establish transition management operations in London and Australia. Prior to joining Citigroup, he was responsible for futures broking and portfolio management at Prudential Bache and Commonwealth Financial Services, respectively.

Tadateru Makino joins the portfolio solutions team in Tokyo as a senior transition manager. Makino brings over a decade of experience in the transition management business as both a quantitative consultant and in derivative and hedge fund products sales at Nomura and Goldman Sachs. He is a Chartered Member of the Securities Analysts Association of Japan (CMA).

“We are pleased to expand our talent within our global transition management team,” said Ross McLellan, senior managing director and head of the portfolio solutions group at State Street Global Markets. “Their unique perspective and combined industry expertise of nearly 50 years will bring significant strength to our transition management group particularly as we experience continued business momentum.”

State Street Global Markets’ transition management team operates on a 24-hour-a-day basis from offices in London, Boston, Sydney, Toronto and Tokyo and provides services for more than 1,000 transition management customers worldwide. In the last five years, State Street has managed more than 4,700 transitions for institutional investors globally. State Street supports its transition management group with continuing investment in advanced technology. In the past year, it has dedicated significant resources to its state-of-the-art, multi-asset-class portfolio analytics and operations systems as well as transition trading algorithms.

About State Street

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment management, investment research and trading and investment servicing. With $21.5 trillion in assets under custody and administration and $2 trillion in assets under management at December 31, 2010, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street’s website at www.statestreet.com.

About State Street Global Markets

State Street Global Markets provides specialized research, trading, securities lending and innovative portfolio strategies to owners and managers of institutional assets. Its goal is to enhance and preserve portfolio values through original flow-based research, proprietary portfolio and risk management technologies, trading optimization and global connectivity. Its unique position at the crossroads of the global markets enables its sales and trading professionals to tap diverse sources of liquidity and provide cost-effective solutions.

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